CLSA, Credit Lyonnais Securities Asia, has upgraded Vedanta to buy from sell with an increased target price of Rs 150 from Rs 70 per share. CLSA has also upgraded Financial Year 2017-18 EBITDA by 5-7 per cent with an estimate of 18/45 per cent EBITDA/EPS CAGR over Financial Year 2016-19, factoring in higher aluminium/power volumes, lower aluminium costs and higher zinc prices. With this news in the market, shares of Vedanta jumped 3 per cent in early trade Friday, 10th June 2016.
Wockhardt is an India-based, global pharmaceutical and biotechnology organisation, providing high-quality, affordable medicines aiming at making the world healthier. It is India's leading research based global healthcare enterprise operating in the field of biotechnology, pharmaceuticals and a chain of modern, advanced Super Speciality Hospitals. Wockhardt is an Indian multinational company with a multi-ethnic workforce of 8600 Wockhardt Associates from 21 odd countries glo
New Delhi, 13th June, 2016: Satin Creditcare Network Ltd. (SCNL) has raised Rs.25 crore by issuing NCRCPS' - Non-convertible, Redeemable, Cumulative, Preference Shares to Karvy Capital Ltd. IFMR Capital executed private placement of CARE BBB rated preference shares at coupon of 12.10 percent per annum and redeemable after around 5 years. The proceeds from the issuance shall be used for company's growth and working capital.
The leading provider of digital solutions, software and infrastructure services, Zensar Technologies, announced in a filing to the National Stock Exchange, amultimillion multi-year Managed Services Deal with John Lewis. John Lewis is UK's largest department store retailer. Zensar has been in a partnership with John Lewis through its business transformation process with next gen applications management solutions for many years now. As a part of this agreement that is spread over a period of fi
Oil and Natural Gas Corporation (ONGC) shares rose nearly 1% to extend their gains for the 4th straight day, tracking the rising trend in worldwide crude prices. Including the 4th session, ONGC shares are up over 4% in last 4 sessions, outperforming the Nifty, which remains unchanged. Crude oil prices have almost doubled since hitting decade lows in early months of 2016 as strong demand and supply disruptions erode a surplus that had pulled prices down by as much as 7
National, 14 June, 2016: Tata Power's nationwide energy and resource conservation movement Club Enerji, has been tediously spreading awareness about conservation of resources across the nation, through its theme of national building. Along with this, Club Enerji has successfully achieved an important milestone of saving 17.25 million units of electricity by sensitizing more than 12.8 million citizens across a total of 11 locations in Delhi, Mumbai, Kolkata, Ahmedabad, Pune, Lonavla, Bangalore, Maithon, Jamshedpur, Be
Welspun Enterprisesshare Price recorded a surge of nearly 11 per cent on Monday when its investee company, Welspun Energy signed a share purchase agreement with Tata Power Renewable Energy with the aim of selling its renewable energy arm, Welspun Renewable Energy Pvt Ltd (WREPL) for an undisclosed amount. Welspun Enterprises has a hold of 15.49 per cent stake in Welspun Energy. In a release to Bombay Stock Exchange on Monday
One of the fastest growing infrastructure company of the country, Marg faced a upper circuit on 8th June 2016. Marg shares were locked at 20 percent upper circuit at Rs 10.69 on Wednesday when a report from the media suggested that Shapoorji Pallonji group might be interested in picking up 51 per cent stake in company's subsidiary. Buy orders of 221,607 shares were pending, with no sellers available at 13:07 hours IST. The media report that created such a havoc impact on the Comp
Bharat Heavy Electricals Limited, with the aim of continuing its project commissioning momentum, has successfully commissioned another 195 MW thermal unit in Bihar, the Company said in a filing to NSE on 14th June, 2016. This is the second 195 Mega Watts unit which has been commissioned by the Company at the 2x195 Mega Watts Muzaffarpur Thermal Power Station (TPS) Stage-II of Kanti Bijlee Utpadan Nigam Limited (KBUNL) which is a joint venture of NTPC Limited and BSPGCL, in Bihar.
New Delhi, 14th June, 2016: Bharti Airtel (Airtel), one of India's largest telecommunications service provider, made an announcement today about a new initiative termed as Open Network under Project Leap - national network transformation initiative. In paradigm shift, Airtel through an interactive online interface makes public its entire network coverage information; asks the customers for feedback so that they can improve their network.
